Duncan, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Duncan, British Columbia, is currently experiencing a period of moderate growth. With a median house price at $500,000 and experiencing a 3.5% year-over-year increase, the market is showing signs of steady appreciation. Meanwhile, apartments are slightly more accessible with a median price of $300,000, which has seen a smaller yet consistent growth rate of 2.1% year-over-year.
These figures suggest that Duncan’s real estate market is stable and growing at a sustainable pace. The population of approximately 15,000 has grown by 7.1%, indicating an influx of new residents and potential homebuyers into the area. This population growth can have a positive impact on demand for housing, potentially leading to continued appreciation in property values over time.
Investment Opportunities and Potential
Given the current trends and demographic data, Duncan represents a promising opportunity for real estate investors. The steady increase in property values coupled with significant population growth suggests ongoing demand for housing. Investors could potentially benefit from both capital appreciation and rental income in this market.
Detached houses offer solid value retention as reflected by the higher rate of appreciation compared to apartments. However, apartments may represent an attractive entry point for investors due to their lower median price and could appeal to the rental market composed of individuals or small families seeking more affordable living options.
Future Market Outlook
The future outlook for Duncan’s real estate market appears optimistic based on current trends and demographic factors. The healthy population growth rate is likely to sustain demand for housing, while the steady appreciation rates reflect a balanced market that is not prone to volatile swings.
The economic stability of the area along with its natural beauty and community amenities make it an attractive location for both long-term residents and newcomers. As such, investors can be cautiously optimistic about the potential for ongoing growth in property values and rental demand moving forward.
